Sounds like you've never made a homeowners claim before.Little trick insurance companies do now.
If you house burns down and is insured then insurance will cover it right? Well NOT like you think it will.
Easy numbers for the example.
$500,000 house example.
House is insured for $500,000 > burns down > get a check right? WAIT HOLD Up.
Your lot is worth $100,000(20% estimate) so it is still there.
Now down to $400,000 dwelling.
Insurance company will make you an offer. $280,000 is the most you will get, They "hold back" $120,000 unless you build back. If you don't build back then they keep the $120,000 LMAO.
All of this is assuming there is no "lender" involved, if you have a lender involved then it is between your lender and insurance company at that point when you subrogated your rights by taking a mortgage.
Cliffs = insurance won't pay out all proceeds unless you build back/actually repair house, you will only get 60-70% of possible proceeds otherwise.
He's still awesome - order on a Cayman GTS (IIRC) coming. Hoping to see him on our next trip down there.Good lord, I haven't thought about Z in years, like since the old S4 days.
Imola Yellow S4, IIRC?Sounds familiar but I’m not placing it
Yeah, he had a Imola Yellow 2.7L BiTurbo S4 that was massively modded.
This reminds me, I saw an absolute mint, factory stock, Imola B5 S4 headed up Preston a week or so ago.
I see one around Frisco from time to time around Preston north of 121. Imola was not my favorite color, but I feel like there are probably more of them in well-kept condition just because of the rarity of them. Nogaro will always be my first , though.This reminds me, I saw an absolute mint, factory stock, Imola B5 S4 headed up Preston a week or so ago.